Bitcoin fell for a second straight day, dropping 1.4% to trade just under $63,600. It hit a session low of $62,732 early Friday, trimming its market cap and dragging the aggregate crypto market capitalization down 1.8% to $2.26 trillion.
Key Takeaways
Bitcoin fell 1.4% below $63,600 on July 17, hitting a session low of $62,732 as post-CPI sentiment faded.Middle East tensions and an AI stock sell-off dragged global tech indices and the crypto market down 1.8%.Nansen’s analyst expects a brief flush before accumulation resumes, noting smart money long ratios at 1.58.The geopolitical escalation pushed the U.S. crude benchmark, West Texas Intermediate (WTI), above $82 per barrel, while Brent crude surged past $87.
Smart Money Remains ‘Risk-On’
